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CREDIT FACILITIES AND LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following tables summarize certain details related to the Company's credit facilities and long-term debt as of June 30, 2022 and December 31, 2021 (in millions, except interest rates):

												Outstanding Amount
June 30, 2022						Borrowing Capacity						Current						Non-Current						Weighted Average Interest Rate						End of Revolving / Withdrawal Period						Final Maturity Date
Non-Recourse Asset-backed Debt:
Asset-backed Senior Revolving Credit Facilities
Revolving Facility 2018-2						$	1,000					$	104					$	—					3.07		%				June 7, 2024						June 7, 2024
Revolving Facility 2018-3						750						271						—						2.62		%				May 26, 2024						May 26, 2024
Revolving Facility 2019-1						900						876						—						3.43		%				June 30, 2023						June 30, 2023
Revolving Facility 2019-2						1,850						1,809						—						2.89		%				July 8, 2023						July 8, 2024
Revolving Facility 2019-3						925						252						—						3.42		%				April 5, 2024						April 5, 2025
Revolving Facility 2021-1						125						50						—						2.46		%				October 31, 2022						October 31, 2022
Asset-backed Senior Term Debt Facilities
Term Debt Facility 2021-S1						400						—						400						3.48		%				April 1, 2024						April 1, 2025
Term Debt Facility 2021-S2						600						—						500						3.20		%				September 10, 2024						September 10, 2025
Term Debt Facility 2021-S3						1,000						—						500						3.75		%				January 31, 2027						July 31, 2027
Term Debt Facility 2022-S1						250						—						250						4.07		%				March 1, 2025						September 1, 2025
Total						$	7,800					$	3,362					$	1,650
Issuance Costs																		(16)
Carrying Value																		$	1,634
Asset-backed Mezzanine Term Debt Facilities
Term Debt Facility 2020-M1						3,000						—						1,500						10.00		%				April 1, 2025						April 1, 2026
Term Debt Facility 2022-M1						500						—						75						10.00		%				September 15, 2025						September 15, 2026
Total						$	3,500					$	—					$	1,575
Issuance Costs																		(33)
Carrying Value																		$	1,542
Total Non-Recourse Asset-backed Debt						$	11,300					$	3,362					$	3,176
Recourse Debt - Other Secured Borrowings:
Mortgage Financing
Repo Facility 2019-R1						$	100					$	12					$	—					2.43		%				May 25, 2023						May 25, 2023
Total Recourse Debt						$	100					$	12					$	—

						Outstanding Amount
December 31, 2021						Current						Non-Current						Weighted Average Interest Rate
Non-Recourse Asset-backed Debt:
Asset-backed Senior Revolving Credit Facilities
Revolving Facility 2018-2						$	759					$	—					2.84		%
Revolving Facility 2018-3						673						—						2.39		%
Revolving Facility 2019-1						648						—						2.84		%
Revolving Facility 2019-2						1,149						—						2.52		%
Revolving Facility 2019-3						886						—						3.25		%
Revolving Facility 2021-1						125						—						2.15		%
Asset-backed Senior Term Debt Facilities
Term Debt Facility 2021-S1						—						400						3.48		%
Term Debt Facility 2021-S2						—						500						3.20		%
Term Debt Facility 2021-S3						—						—						3.75		%
Total						$	4,240					$	900
Issuance Costs												(3)
Carrying Value												$	897
Asset-backed Mezzanine Term Debt Facilities
Term Debt Facility 2020-M1						$	—					$	1,000					10.00		%
Total						$	—					$	1,000
Issuance Costs												(35)
Carrying Value												$	965
Total Non-Recourse Asset-backed Debt						$	4,240					$	1,862
Recourse Debt - Other Secured Borrowings:
Mortgage Financing
Repo Facility 2019-R1						$	7					$	—					1.84		%
Total Recourse Debt						$	7					$	—

Convertible Debt

The tables below summarizes certain details related to the 2026 Notes (in millions, except interest rates):

June 30, 2022						Aggregate Principal Amount						Unamortized Debt Issuance Costs						Net Carrying Amount
2026 Notes						$	978					$	(22)					$	956

June 30, 2022						Maturity Date						Stated Cash Interest Rate						Effective Interest Rate						Semi-Annual Interest Payment Dates						Conversion Rate						Conversion Price
2026 Notes						August 15, 2026						0.25		%				0.77		%				February 15; August 15						51.9926						$	19.23

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Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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